Tag Archives: Corzine

Jon Corzine: No criminal charges for a reckless man

Jon Corzine, former senator and governor of New Jersey, was CEO of MFGlobal, which went bankrupt...

Jon Corzine, former senator and governor of New Jersey, was CEO of MFGlobal, which went bankrupt…

From the Washington Examiner, By MICHAEL BARONE  | JULY 8, 2013 – Jon Corzine, former senator and governor of New Jersey, was CEO of MFGlobal, which went bankrupt…

Former New Jersey Sen. and Gov. Jon Corzine will not be prosecuted, the New York Post reports today. Corzine, who was CEO of Goldman Sachs in the 1990s and made something like $400 million when the firm went public, was CEO of MFGlobal, a futures and commodities trading firm which went bankrupt, with some $1.6 billion missing from customers’ accounts. Money in customer accounts belongs to customers, and it’s a crime for firms to seize customers’ money.

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